Mackenzie Financial Corp Boosts Holdings in Capital One Financial Corporation $COF

Key Points

• Mackenzie Financial Corp raised its stake in Capital One by 44.0% in Q3, adding 192,299 shares to hold 629,081 shares valued at $133,730,000 (about 0.10% of the company).
• Capital One missed quarterly EPS ($3.86 vs. $4.14 expected) even as revenue jumped 53.3% year-over-year, and analysts project roughly 15.65 EPS for the current fiscal year.
• Insiders have sold about 67,933 shares (~$14.36M) in the past 90 days, while the consensus analyst rating is "Moderate Buy" with an average target of $274.70 versus a recent share price near $181.90 (P/E 61.45).

Mackenzie Financial Corp raised its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 44.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 629,081 shares of the financial services provider's stock after buying an additional 192,299 shares during the period. Mackenzie Financial Corp owned about 0.10% of Capital One Financial worth $133,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Howard Hughes Medical Institute purchased a new stake in shares of Capital One Financial in the second quarter worth about $29,000. WFA of San Diego LLC purchased a new position in Capital One Financial during the second quarter valued at approximately $32,000. Crowley Wealth Management Inc. acquired a new position in Capital One Financial in the third quarter valued at approximately $33,000. Wolff Wiese Magana LLC boosted its position in Capital One Financial by 41.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider's stock worth $41,000 after purchasing an additional 57 shares in the last quarter. Finally, Bell Investment Advisors Inc grew its stake in shares of Capital One Financial by 86.9% during the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider's stock worth $43,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Price Performance

Capital One Financial stock opened at $181.90 on Thursday. The stock has a market capitalization of $113.13 billion, a P/E ratio of 61.45, a P/E/G ratio of 0.55 and a beta of 1.14. The company's fifty day moving average price is $218.27 and its 200 day moving average price is $221.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts' consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The firm's quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.67 EPS. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, February 19th. Capital One Financial's dividend payout ratio is 108.11%.

Insider Activity

In other Capital One Financial news, insider Neal Blinde sold 38,135 shares of the business's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the sale, the insider directly owned 33,551 shares in the company, valued at approximately $6,391,801.01. The trade was a 53.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lia Dean sold 3,284 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total value of $734,565.12. Following the transaction, the insider directly owned 70,162 shares of the company's stock, valued at $15,693,836.16. The trade was a 4.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 67,933 shares of company stock worth $14,363,897. Company insiders own 1.26% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on COF shares. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $265.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, January 5th. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $237.00 to $256.00 and gave the company a "neutral" rating in a research report on Monday, January 12th. Citigroup lifted their price objective on shares of Capital One Financial from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, December 31st. Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $275.00 target price on shares of Capital One Financial in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $274.70.

Capital One Financial Company Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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